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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Techplayer who wrote (55268)	6/26/2000 10:42:00 AM
From: Tunica Albuginea	Respond to of 99985

OT/Techplayer, I agree with NYTimes J. Crudele that the Fed has to hike rates, ~60% chance nypostonline.com This is the biggest bull with the most froth and it is still frothing at the mouth inspite of 7 rate increases. The Market is it's own worst enemy. It does not understand that the Fed -IS targeting it -it IS targeting irrational exuberance and, -DOES want to take away the punch bowl before the party goes wild. And yet, everytime it raises rates, the party gets wilder. If after no increase now they have to raise .25 in August, that may not be enough and then they have to keep raising during election or raise a big .50. By then they risk being perceived as " soft " on inflation. Then inflation psychology takes on and people will start asking for higher wages. If it has no effect, then they have another .25 or .50 in August. ( I've prefaced this post with OT because this is my only opinion ), TA Message #55268 from Techplayer at Jun 26, 2000 8:05 AM ET tunica, Is that your assessment? It would appear that the consensus right now is that rates will remain as they are until August. tp

To: Techplayer who wrote (55268)	6/26/2000 10:54:00 AM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 99985

Techplayer: As I hear the Human Genome discovery I ask myself: " Who will pay for this ?" It is a fantastic recovery, but like every other new and expensive medical technology in the past 40 years: Who will pay for this? 8% of folks in my big city have no insurance. That means that when they go to Hospital ER and get free care, you and me are paying for that. Hospitals have no workers. They are raising fees now to hire workers at higher salaries. " Any Fed rate increase will have no effect on rising Medical costs. " So I see the money to pay for that coming out of the stock market. TA Message #55268 from Techplayer at Jun 26, 2000 8:05 AM ET tunica, Is that your assessment? It would appear that the consensus right now is that rates will remain as they are until August. tp